Deep Tide TechFlow News: On March 20, according to Golden Ten Data, UBS Group raised its oil price forecasts for 2026-2027 to reflect the closure of the Strait of Hormuz and the ongoing conflict situation in the Middle East. UBS raised its 2026 oil price forecast by 14 dollars to 86 dollars/barrel; raised its 2027 oil price forecast by 10 dollars to 80 dollars/barrel. Analysts stated: "This forecast is based on the assumption that the conflict will continue for another 2 to 3 weeks until early April, and oil flow through the Strait of Hormuz will remain severely reduced. We assume that major oil fields and terminals will not be damaged, and from April onwards, flow through the Strait of Hormuz will gradually recover, but will not return to complete normalcy."
Deep Tide TechFlow News: On March 20, according to Golden Ten Data, UBS Group raised its oil price forecasts for 2026-2027 to reflect the closure of the Strait of Hormuz and the ongoing conflict situation in the Middle East. UBS raised its 2026 oil price forecast by 14 dollars to 86 dollars/barrel; raised its 2027 oil price forecast by 10 dollars to 80 dollars/barrel. Analysts stated: "This forecast is based on the assumption that the conflict will continue for another 2 to 3 weeks until early April, and oil flow through the Strait of Hormuz will remain severely reduced. We assume that major oil fields and terminals will not be damaged, and from April onwards, flow through the Strait of Hormuz will gradually recover, but will not return to complete normalcy."